4min chapter

#627: Brian Armstrong, CEO of Coinbase — The Art of Relentless Focus, Preparing for Full-Contact Entrepreneurship, Critical Forks in the Path, Handling Haters, The Wisdom of Paul Graham, Epigenetic Reprogramming, and Much More

The Tim Ferriss Show

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CHAPTER

Is There Apathy in the Economy?

The degree of apathy was jarring almost. And I remember walking around in 2004 and still there was graffiti all over the banks, some of which still had chains locking the doors shut. My observation is that I don't think America is any kind of like imminent danger of rapid decline, but I do think it is in slow decline.

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Brian Armstrong, CEO of Coinbase — The Art of Relentless Focus, Preparing for Full-Contact Entrepreneurship, Critical Forks in the Path, Handling Haters, The Wisdom of Paul Graham, Epigenetic Reprogramming, and Much More | Brought to you by ShipStation shipping software, Athletic Greens all-in-one nutritional supplement, and Helix Sleep premium mattresses.

Brian Armstrong (@brian_armstrong) is the co-founder and chief executive officer of Coinbase. Founded in 2012, Coinbase is building the crypto economy—a more fair, accessible, efficient, and transparent financial system enabled by crypto. Coinbase serves over 103 million verified users, 14,500 institutions, and 245,000 ecosystem partners in over 100 countries. In April 2021, Coinbase listed publicly on NASDAQ as COIN.

Before founding Coinbase, Brian served as a software engineer at Airbnb, where he focused on fraud prevention. Before Airbnb, Brian founded and was CEO of UniversityTutor.com, an online tutoring directory and a subsidiary of Johnson Educational Technologies LLC. Brian also previously served as a consultant for the enterprise risk management division at Deloitte & Touche LLP. Brian has a BA in computer science and economics and an MS in computer science from Rice University.

Over the last three years, Coinbase has worked with ten-time Emmy®-winning filmmaker Greg Kohs on a documentary about cryptocurrency and Coinbase. COIN is now available on Amazon, iTunes, YouTube, Vimeo on Demand, and other platforms.

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[05:46] How Brian’s first book idea became a blog.

[07:21] Brian’s time in Buenos Aires.

[13:39] Present-day economic warning signs.

[16:13] Coinbase beginnings: from genesis to the Buy Bitcoin button.

[20:35] Influential human beings, books, and documentaries.

[23:15] Core principles learned from early startup days.

[26:39] Favorite Paul Graham essays.

[28:12] Controversy: Coinbase becomes an apolitical, mission-focused company.

[37:11] Cultivating resilience to resistance as a leader.

[44:57] Competition.

[46:51] What crypto skeptics and crypto bulls each get wrong often.

[49:30] Main use cases for crypto.